NEW YORK, November 15, 2016 /PRNewswire/ --
Stock-Callers.com brings investors' attention back to the Mortgage Investment industry which is primarily focused on investing in mortgaged-backed securities and other real estate activities. Many companies in this sector are organized as REITs, resulting in high-average dividend yield. Equities to assess are Ally Financial Inc. (NYSE: ALLY), Ocwen Financial Corp. (NYSE: OCN), Santander Consumer USA Holdings Inc. (NYSE: SC), and Essent Group Ltd (NYSE: ESNT). You can access of our complimentary research reports on these stocks now at:
At the close on Monday, shares in Michigan-based Ally Financial Inc. rose 3.65%, ending the day at $19.03. The stock recorded a trading volume of 7.45 million shares, which was above its three months average volume of 4.22 million shares. The Company's shares have advanced 2.09% on an YTD basis. The stock is trading above its 200-day moving average by 5.77%. Moreover, shares of Ally Financial, which provides a range of financial products and services primarily to automotive dealers and their retail customers in the US, have a Relative Strength Index (RSI) of 57.15.
On October 26th, 2016, Ally Financial reported Q3 2016 net income of $209 million compared to net income of $268 million for Q3 2015. Net financing revenue, including $15 million of OID, improved to $996 million, up $26 million from Q3 2015, due to higher retail loan margins. Auto originations for the reported quarter totaled $9.3 billion, down from $11.1 billion in Q3 2015. Visit us today and download your complete report on ALLY for free at:
Shares in Florida headquartered Ocwen Financial Corp. ended the day 1.48% higher at $4.80. A total volume of 3.64 million shares was traded, which was above their three months average volume of 3.24 million shares. The stock has gained 30.43% in the past month and 45.45% over the previous three months. The Company's shares are trading above their 50-day and 200-day moving averages by 26.28% and 62.15%, respectively. Furthermore, shares of Ocwen Financial, which engages in servicing and origination of mortgage loans in the US, have an RSI of 67.87.
On October 25th, 2016, research firm Piper Jaffray downgraded the Company's stock rating from 'Neutral' to 'Underweight'.
On November 1st, 2016, Ocwen Financial announced that its subsidiary Ocwen Loan Servicing, LLC ("OLS") commenced an offer to exchange all outstanding 6.625% Senior Notes due 2019 of Ocwen held by eligible holders for up to $350 million aggregate principal amount of newly issued 8.375% Senior Secured Second Lien Notes due 2022 of OLS upon the terms and subject to the conditions set forth in the offering memorandum dated November 1, 2016, and the related letter of transmittal. The Exchange Offer will expire at 11:59 p.m. ET on November 30th, 2016, unless extended. The complimentary research report on OCN can be accessed at:
Santander Consumer USA
On Monday, shares in Dallas, Texas headquartered Santander Consumer USA Holdings Inc. finished 5.05% higher at $13.95. A total volume of 3.64 million shares was traded, which was higher than their three months average volume of 1.50 million shares. The stock has advanced 11.16% in the last one month and 19.33% over the previous three months. The Company's shares are trading above their 50-day and 200-day moving averages by 14.41% and 22.77%, respectively. Additionally, shares of Santander Consumer USA, which provides vehicle finance and third-party servicing in the US, have an RSI of 68.74.
On November 9th, 2016, Santander Consumer USA announced net income for Q3 2016 of $214 million, or $0.59 per diluted common share. Finance receivables, loans, and leases, net, increased 6.1%, to $34.7 billion at September 30th, 2016, from $32.7 billion at December 31st, 2015, driven by an increase in lease assets. Net finance and other interest income decreased 3% to $1.18 billion in Q3 2016 from $1.22 billion in Q3 2015. Register for free on Stock-Callers.com and download the PDF research report on SC at:
Hamilton, Bermuda-based Essent Group Ltd's shares recorded a trading volume of 1.36 million shares at the end of yesterday's session, which was above their three months average volume of 549,960 shares. The stock closed the day at $28.28, declining 3.12% from its previous closing price. The Company's shares have advanced 1.65% in the last one month, 8.19% in the previous three months, and 29.19% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 4.08% and 23.45%, respectively. Additionally, shares of Essent Group, which through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the US, have an RSI of 54.55.
On October 27th, 2016, research firm Bank of America/ Merrill downgraded the Company's stock rating from 'Neutral' to 'Underperform'. Get free access to your research report on ESNT at:
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